Factors of production - SS1 Commerce Past Questions and Answers - page 1
1
Which factor of production refers to natural resources?
View related lesson
A
Land
B
Labor
C
Capital
Ask EduPadi AI for a detailed answer
Share this question
2
Which factor of production represents human effort?
View related lesson
A
Land
B
Labor
C
Capital
Ask EduPadi AI for a detailed answer
Share this question
3
What does capital refer to in the factors of production?
View related lesson
A
Natural resources
B
Human effort
C
Man-made resources
Ask EduPadi AI for a detailed answer
Share this question
4
Who takes the initiative to organize the factors of production and run a business?
View related lesson
A
Entrepreneur
B
Labor
C
Capital
Ask EduPadi AI for a detailed answer
Share this question
5
Which factor of production involves the risks and decision-making for production?
View related lesson
A
Entrepreneur
B
Capital
C
Labor
Ask EduPadi AI for a detailed answer
Share this question
6
What encompasses labour as a factor of production?
View related lesson
Ask EduPadi AI for a detailed answer
Share this question
7
Who takes on risks and makes decisions in the production process?
View related lesson
Ask EduPadi AI for a detailed answer
Share this question